‘We live in an Orwellian hell-scape’: Facebook fact-checks top economist for stating America IS in a recession after Biden refused to admit it

‘We live in an Orwellian hell-scape’: Facebook fact-checks top economist for stating America IS in a recession after Biden refused to admit itPhillip Magness, the research and education director at the American Institute for Economic Research, believes the U.S. is in a recessionEconomists usually say it is a recession when two successive quarters have seen negative growth: data on Thursday showed the definition had been metThe White House is instead relying on an ‘official declaration’ from the the National Bureau of Economic Research (NBER), which can be very slowMagness’s post on Facebook about the U.S. being in a recession was fact-checked by Facebook and a warning posted online‘We live in an Orwellian hell-scape,’ he tweeted. ‘Facebook is now ‘fact checking’ anyone who questions the White House’s word-games’ 

Facebook placed a ‘fact-checking’ label on a post written by a top economist stating that the United States is now in a recession – a move he termed ‘Orwellian’.

Two consecutive quarters of negative growth is the standard definition of a recession, and Phillip Magness, the research and education director at the American Institute for Economic Research, posted on Facebook a commentary about the country now being in a recession.

The post – which is no longer visible – was marked by Facebook’s fact checkers as being misleading.

‘We live in an Orwellian hell-scape,’ he tweeted.

‘Facebook is now ‘fact checking’ anyone who questions the White House’s word-games about the definition of a recession.’

Biden on Thursday (pictured) insisted that the country was not in a recession, despite new data showing a second consecutive quarter with negative growth

Biden on Thursday (pictured) insisted that the country was not in a recession, despite new data showing a second consecutive quarter with negative growth

Phillip Magness, an economic historian, believes the U.S. is in recession - but the White House disagrees

Phillip Magness, an economic historian, believes the U.S. is in recession – but the White House disagrees

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Published on August 01, 2022 07:10
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